Senior Analyst Predicts Potential 88% Bitcoin Crash to $10,000 Targets

Bloomberg Intelligence’s commodity strategist recently offered a stark forecast for Bitcoin’s trajectory, suggesting the flagship cryptocurrency could experience a dramatic 88% correction that would drive it down to the $10,000 level by 2026. The analyst shared this perspective on LinkedIn, outlining a specific scenario where a Bitcoin surge beyond $100,000 could trigger a sharp reversal within the current market cycle.

The Economic Backdrop Behind the $10,000 Prediction

The strategist attributes this potential downside move to what he describes as a “post-inflationary deflation” phase in the economic cycle. According to his analysis, this environment will likely spark a wealth destruction period, subsequently fueling the next economic recession. He identifies the primary culprit as the inevitable collapse of speculative digital assets with uncapped token supplies—a category into which he appears to place many current cryptocurrencies.

Current Bitcoin Price Action and Historical Context

At the moment, Bitcoin is trading near $90.69K, reflecting a significant pullback from its all-time high of $126.08K recorded in October. This approximately 28% decline from peak levels has already tested investor confidence amid broader market volatility. The cryptocurrency remains highly sensitive to macroeconomic developments, regulatory signals, and shifts in investor risk appetite.

Analyzing the Cycle Theory

The strategist’s core thesis revolves around market cycles and pattern recognition. He suggests that once Bitcoin reaches and breaks past the $100,000 psychological barrier, it could trigger a cyclical retracement that ultimately takes prices down to $10,000—a level that would represent a substantial reset from current valuations. This framework reflects a longer-term view of cryptocurrency market dynamics and the relationship between speculative peak formation and correction phases.